Earn 5% from This High-Dividend Stock

Retire on This High-Dividend Stock? A high-dividend stock is one that is desired by many income investors. But when it comes to high-dividend stocks, there must be more that is considered than just the yield. For instance, investors need to determine if the dividend is sustainable over the long term, not to mention if the investment, as a whole, is worth one’s time. As of this writing, the dividend that is paid to shareholders is $0.68 on a quarterly basis. This represents a payout of 69%, which provides safety to the dividend, as well as the possibility of hikes. Since 2012, the payment has nearly doubled, with shares currently trading at $54.07, with a yield of 5.03%.

I have found a company that would meet this criteria for a high-dividend stock: Tupperware Brands Corporation (NYSE:TUP) stock. Known worldwide, Tupperware is known for its food preparation, storage and serving products. The company operates in more than 100 countries around the world and has been in business since 1946. Tupperware has a long history and a presence around the world, which is beneficial. That’s because if one market sees a slowdown, another can see growth to offset it. Whether investing for a rainy day fund or your retirement, dividend investing is a great way to generate some extra income. With money market investment products offering near-zero-percent interest rates; TUP stock is a great high-dividend stock that should not be ignored by investors.

Source: Income Investor

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